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One of the key commodities in the Philippines is pan de sal which is a type of bread normally consumed during breakfast. If the price

  1. One of the key commodities in the Philippines is pan de salwhich is a type of bread normally consumed during breakfast. If the price of flour, which is the main ingredient for pan de sal,keeps on increasing what will be the implication to demand and supply. Should the price of this important consumer good be subject to government control? (Why or why not)
  2. In a country where the number of young people is large while average family income is low, tuition or price of education is always a hotly contested issue. Every school opening is marked by calls to the government to restrict tuition increases. Is it the role of the government to regulate the tuition fee increase? If so how does it affect the comparative advantage of some schools? If not what is the basis of the private schools in increasing its tuition fee on a yearly basis? Will the regulation of the government cr3at3 an impact to future development of the schools? (Explain)

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